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721711 (Harmonized System 1992 for 6-digit)

2023
World Trade $3.18BRnk 1068 / 4644
2023
Top Exporter | Top Importer $442M | $335MChina | United States
2023
Product Complexity -0.18Rnk 2810 / 4656
2022 - 2023
Export Growth (CAGR) -25%Rnk 4004 / 4644
2023
Share of World Trade 0.014%Rnk 1068 / 4644

About

Overview This page contains the latest trade data of Wire, iron or non-alloy steel, not plated or coated, <0.25%C. In 2023, Wire, iron or non-alloy steel, not plated or coated, <0.25%C were the world's 1068th most traded product, with a total trade of $3.18B. Between 2022 and 2023 the exports of Wire, iron or non-alloy steel, not plated or coated, <0.25%C decreased by -25%, from $4.23B to $3.18B. Trade in Wire, iron or non-alloy steel, not plated or coated, <0.25%C represent 0.014% of total world trade.

Wire, iron or non-alloy steel, not plated or coated, <0.25%C are a part of Iron Wire.

Exports In 2023 the top exporters of Wire, iron or non-alloy steel, not plated or coated, <0.25%C  were China ($442M), Italy ($442M), Germany ($325M), Spain ($153M), and Czechia ($139M).

Imports In 2023 the top importers of Wire, iron or non-alloy steel, not plated or coated, <0.25%C were United States ($335M), Germany ($266M), France ($255M), Switzerland ($204M), and Poland ($157M).

Ranking Wire, iron or non-alloy steel, not plated or coated, <0.25%C ranks 2810th in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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The following visualization shows the latest trends on Wire, iron or non-alloy steel, not plated or coated, <0.25%C. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

Explore Latest Trends

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)China$442M
Top Destination (2023)United States$335M

In 2023 Wire, iron or non-alloy steel, not plated or coated, <0.25%C were the world's 1068th most traded product (out of 4,644).

In 2023, the top exporters of Wire, iron or non-alloy steel, not plated or coated, <0.25%C were China ($442M), Italy ($442M), Germany ($325M), Spain ($153M), and Czechia ($139M).

In 2023, the top importers of Wire, iron or non-alloy steel, not plated or coated, <0.25%C were United States ($335M), Germany ($266M), France ($255M), Switzerland ($204M), and Poland ($157M).

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Exporters of Wire, iron or non-alloy steel, not plated or coated, <0.25%C (2023)
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Importers of Wire, iron or non-alloy steel, not plated or coated, <0.25%C (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)United Arab Emirates$22.2M
Top Destination Growth (2022 -  2023)Ethiopia$4.13M

Between 2022 and 2023, the exports of Wire, iron or non-alloy steel, not plated or coated, <0.25%C grew the fastest in United Arab Emirates ($22.2M), United Kingdom ($5.99M), Saudi Arabia ($3.94M), United States ($3.87M), and Colombia ($2.44M).

Between 2022 and 2023, the fastest growing importers of Wire, iron or non-alloy steel, not plated or coated, <0.25%C were Ethiopia ($4.13M), Kyrgyzstan ($3.73M), Georgia ($3.49M), Djibouti ($3.43M), and Romania ($3.17M).

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Exporters of Wire, iron or non-alloy steel, not plated or coated, <0.25%C (2022 - 2023)

Importers of Wire, iron or non-alloy steel, not plated or coated, <0.25%C (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Wire, iron or non-alloy steel, not plated or coated, <0.25%C.

In 2023, market concentration measured using Shannon Entropy, was 4.64. This means that most of the exports of Wire, iron or non-alloy steel, not plated or coated, <0.25%C are explained by 24 countries.

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Value of Exports in Wire, iron or non-alloy steel, not plated or coated, <0.25%C

Net Trade

TOP NET EXPORTER (2023)Italy$397M
TOP NET IMPORTER (2023)United States$279M

This map shows which countries export or import more of Wire, iron or non-alloy steel, not plated or coated, <0.25%C. Each country is colored based on the difference in exports and imports of Wire, iron or non-alloy steel, not plated or coated, <0.25%C during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Wire, iron or non-alloy steel, not plated or coated, <0.25%C were Italy ($397M), China ($387M), Spain ($107M), South Korea ($98.9M), and Mexico ($87.8M).

In 2023, the countries that had a largest trade value in imports than in exports of Wire, iron or non-alloy steel, not plated or coated, <0.25%C were United States ($279M), France ($205M), Switzerland ($202M), Poland ($123M), and Brazil ($99.4M).

Net Trade (2023)

Country Comparison

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Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Wire, iron or non-alloy steel, not plated or coated, <0.25%C.
It is possible to select the main countries that export or import Wire, iron or non-alloy steel, not plated or coated, <0.25%C in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Wire, iron or non-alloy steel, not plated or coated, <0.25%C by percentage of total exports

Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

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